Neptune Income Fund aims to offer 5% a year

Neptune Investment Management has launched a UK equity income fund, which aims to yield 5%pa gross f...

Neptune Investment Management has launched a UK equity income fund, which aims to yield 5%pa gross from a managed portfolio of UK equities and fixed interest stocks. The Neptune Income Fund, managed by Robin Geffen, launched on 31 December. The group is offering intermediaries the opportunity to switch investors into the product free-of-charge from other funds until April 2003. If intermediaries take up this offer the group will charge no up-front fee and shares in the fund would be purchased at net asset value. Both retail and institutional share classes are available and investors...